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A used $35,000 automobile that is used 100% for business is placed in service in 2015.If the automobile fails the 50% business usage test in the second year,no cost recovery will be recaptured.
Linear Equation
An algebraic equation in which each term is either a constant or the product of a constant and a single variable.
Linear Graphing
A method of representing data or mathematical functions where relationships are shown as straight lines on a graph.
Net Income
The total earnings of a company after deducting all expenses, taxes, and costs from its total revenue.
Annual Distribution
The process or action of dividing and dispersing something, such as earnings or products, to designated recipients once per year.
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